Market Research Future published a research report on “Smart Connected Devices Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Overview

The Smart Connected Devices is a pet topic for the future of the world. Equipped with advanced sensors and technologies smart connected devices, represent a step change in form and function. Witnessing substantial R&D investments, connectivity solutions are proceeding rapidly finding their way to the prominence, more so than in the volume segment.

Market Research Future (MRFR), in its recently published study report asserts that the global market of Smart Connected Devices is forecasted to perceive enormous growth by 2023 in terms of value and volume, With a striking rate of CAGR; surpassing its previous growth records throughout the forecasted period (2017 – 2023).

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There will be enough innovation and new levels of connectivity among devices, enabling new services inside and outside the home. These changes to motor vehicles will, of course, also transform the auto industry. As these devices mature technologically, it will influence market trends and automakers’ relationships. Features like safety sensors and smartphone integration are already becoming common.

The augmenting demand for tablets, smartphones, and other smart devices and growing popularity of BYOD (bring your own device) in the offices along with the augmenting demand for mobile smart connected devices are fuelling the market growth.

The market proliferation of smart connected devices, such as smart thermostats, smart doors, smart locks, and other smart home appliances is providing impetus to the growth of Smart Connected Devices Market. Furthermore, technological advancements in the field of smart devices and the growing penetration of Internet of Things (IoT) are fostering the market growth.

On the other hand, cybersecurity concerns are expected to restrict the market growth during the forecast period.

Global Smart Connected Devices Market – Segmentation

The MRFR analysis is segmented into three key dynamics for the convenience of understanding;

By Products: Smartphones, Smart Watch, Smart Glasses, Wireless Printers, Smart Meters, Media Players, Tablets, Smart Cameras, Connected Bulbs, and Smart Locks among others.
By End User: Industrial, Commercial, and Residential
By Regions: North America, Europe, APAC and Rest-of-the-World.
Key Players

Some of the prominent players in the global smart connected devices market are Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Motorola Solutions Inc. (U.S.), Nokia Networks (Finland), LG Corporation (South Korea), Hewlett-Packard (U.S.), HTC Corporation (Taiwan), Apple Inc. (U.S.), Dell Inc. (U.S.), Gionee Communication Equipment Co. Ltd (China), Micromax Informatics (India), Videocon Industries Ltd. (India), Acer Inc. (Taiwan), Lenovo Group Ltd. (Hong Kong), Blackberry Ltd. (Canada), and ZTE Corporation (China), among others.

Market Research Analysis

North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The market in North America is witnessing rapid growth due to technological advancements and rise in demand for smart connected devices across different industry verticals in this region. The U.S. holds the majority of market share both in terms of revenue as well as owing to the increased demand for smart connected devices in residential as well as industrial sector.

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TABLE OF CONTENTS

LIST OF TABLES

Table 1 Global Smart Connected Devices Market: By Region, 2017-2023

Table 2 North America Smart Connected Devices Market: By Country, 2017-2023

Table 3 Europe Smart Connected Devices Market: By Country, 2017-2023

Table 4 Asia-Pacific Smart Connected Devices Market: By Country, 2017-2023

Table 5 Middle East & Africa Smart Connected Devices Market: By Country, 2017-2023

Table 6 Latin America Smart Connected Devices Market: By Country, 2017-2023

Table 7 Global Smart Connected Devices By Product Market: By Regions, 2017-2023

Table 8 North America Smart Connected Devices By Product Market: By Country, 2017-2023

Table 9 Europe Smart Connected Devices By Product Market: By Country, 2017-2023

Table10 Asia-Pacific Smart Connected Devices By Product Market: By Country, 2017-2023

Table11 Middle East & Africa Smart Connected Devices By Product Market: By Country, 2017-2023

Table12 Latin America Smart Connected Devices By Product Market: By Country, 2017-2023

Table13 Global Smart Connected Devices By End User Market: By Regions, 2017-2023

Table14 North America Smart Connected Devices By End User Market: By Country, 2017-2023

Table15 Europe Smart Connected Devices By End User Market: By Country, 2017-2023

Table16 Asia-Pacific Smart Connected Devices By End User Market: By Country, 2017-2023

Continued…

Know More about this Report @ https://www.reuters.com/brandfeatures/venture-capital/article?id=57217

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